Muthoot Microfin

Muthoot Microfin Limited,[1] the microfinance arm of Muthoot Pappachan Group, is an Indian microfinance institution focused on providing microloans to women entrepreneurs with a focus on rural regions of India.[2][3][4][5]

Muthoot Microfin Ltd
TypeNBFC-MFI
IndustryMicrofinance
HeadquartersMumbai, India
ParentMuthoot Pappachan Group
Websitehttps://muthootmicrofin.com/

History

Muthoot Pappachan Group acquired the non-bank financial institution Panchratna Securities Limited and the name was changed to Muthoot Microfin Limited pursuant to a resolution passed by the shareholders of company at the EGM held on October 29, 2012.[6][7][8] A fresh certificate of incorporation, consequent upon change of name was granted to the company by the RoC on November 06, 2012. Subsequently, Mithoot Microfin Limited was granted non-bank financial institution microfinance institution status by the Reserve Bank of India on March 25, 2015.[6][9][10]

Mahila mitra app

In 2021, Muthoot Microfin Ltd launched Mahila Mitra app to help rural women beneficiaries with ease of repayment.[11]

References
  1. "Home - Muthoot Microfin". Retrieved 2022-04-19.
  2. "Muthoot Microfin gets $50 million equity funding from GPC". The Hindu. Special Correspondent. 2021-12-06. ISSN 0971-751X. Retrieved 2022-04-19.{{cite news}}: CS1 maint: others (link)
  3. Bhatla, Prabhjeet. "Muthoot Microfin Raises INR 75 Cr Via Market-Linked Debentures". Entrepreneur. Retrieved 2022-04-19.
  4. "Muthoot Microfin raises Rs75 crore via market-linked debentures". livemint. 2021-07-15. Retrieved 2022-04-19.
  5. "Muthoot Microfin secures USD 10 mn from Greater Pacific Capital - Times of India". The Times of India. October 3, 2022. Retrieved 2022-10-17.
  6. "Muthoot Microfin Limited" (PDF). Securities and Exchange Board of India. Retrieved 14 April 2022.
  7. "Muthoot Microfin enters digital healthcare; To offer E-clinic services in rural India to its customers". Financialexpress. Retrieved 2022-07-08.
  8. "Muthoot Microfin to offer healthcare in rural India via e-clinics". mint. 2022-03-09. Retrieved 2022-07-08.
  9. Rebello, Joel. "Muthoot Microfin looking at listing in March". The Economic Times. Retrieved 2022-04-19.
  10. Ray, Atmadip. "UK's Greater Pacific to invest $10 m in Muthoot Microfin". The Economic Times. Retrieved 2022-10-18.
  11. Shantanu, Shashank (2021-08-25). "How this microfinance firm is empowering women entrepreneurs in rural India with an app". www.indiatvnews.com. Retrieved 2022-04-14.
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